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$450,000
Phoenix, AZ 85021
MLS# 6687597
1 / 14
Property Description
Three individual homes sitting on a 25,000 square foot lot. Each house is currently rented out. Front home: 2bed/1bath Middle home: 4bed/1bath Back home: Studio This is a great opportunity to purchase three homes and a massive piece of land for a great price.
Details
Maps
Contract Info
Current Price: $450,000
List Price: $450,000
Status: Active
List Date: 2024-04-05
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1315
Compass: W
Street Name: COCHISE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 2536
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E2 W2 NE4 SW4 NW4 NE4 EX N 25F RD
Assessor's Map #: 27
Assessor's Parcel #: 58
Add'l Parcels: Yes
Assessor Number: 158-27-058
Legal: E2 W2 NE4 SW4 NW4 NE4 EX N 25F RD
Census Tract: 104502
Tax Municipality: Phoenix
Taxes: 639
Tax Year: 2023
Marketing Name: Cochise homes
General Property Description
Lot Size Dimensions: 305 feet by 83 feet
Year Built: 1954
Uncvrd Parking Spcs: 30
Total # of Units: 3
# of Buildings: 3
Zoning: R3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Geo Lat: 33.579833
Geo Lon: -112.089771
Status Change Info
Status Change Date: 2024-04-05
Legal Info
Township: 3N
Range: 3E
Section: 30
Lot Number: NA
Income & Expenses
Owner Association: No
Operating Exp: 639
Gross Annual Sch Inc: 52000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 49400
Net Operating Income: 36120
Pmt & Rate Info
Cap Rate: 8.03
Down Payment %: 20
Monthly Payments: 2000
Equity: 450000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1000
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 500
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 1800
Avg SqFt: 1200
# Baths: 1
Property Features
Project Type: Tri-Plex; Other (See Remarks)
Other Type: House + Rental Units; Other (See Remarks)
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Individual; Central; Heat Pump; Window/Wall Unit(s); Other
Cooling: Electric; Window/Wall Unit; Central A/C; Other
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Other (See Remarks)
Roads/Streets: Dirt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: April - 24 - 2024
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